CCS BASF, Samsung Heavy Industries to Capture CO2 Onboard Maritime Vessels
Under a MOU signed between both the parties, BASF and Samsung Heavy Industries will work together to conduct a feasibility assessment of capturing CO2 onboard maritime vessels. The move is in line with the International Maritime Organization’s ambition of reducing the carbon intensity of international shipping by at least 40 % by 2030.
Hong Kong/China – BASF and Samsung Heavy Industries Co. (SHI) will carry out a collaborative feasibility assessment of capturing CO2 onboard maritime vessels using Basf’s OASE blue technology for flue gas applications. Towards this end, both parties signed a Memorandum of Understanding for Onboard Carbon Capture and Storage (OCCS) technology.
The scope of the collaboration includes a marinization study as well as engineering design and construction of the carbon capture unit. BASF will support with its expertise on floating liquefied natural gas (FLNG) and with its well proven Oase blue technology contributing to sustainability by substantial energy savings compared with conventional technologies. SHI will evaluate the feasibility of installing the gas treatment technology onboard maritime vessels. The joint effort is in line with the strategy of the International Maritime Organization (IMO) to reduce the carbon intensity of international shipping by at least 40 % by 2030.
“Through cooperation with BASF, Samsung Heavy Industries has developed efficient Onboard Carbon Capture system, which will help gain a competitive advantage in a low carbon shipping market,” said Youngkyu Ahn, Head of Shipbuilding Sales Engineering at Samsung Heavy Industries.